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Why Is SBA Communications (SBAC) Down 3.1% Since Last Earnings Report?

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It has been about a month since the last earnings report for SBA Communications (SBAC - Free Report) . Shares have lost about 3.1% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is SBA Communications due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

How Have Estimates Been Moving Since Then?

It turns out, estimates review have trended upward during the past month.

VGM Scores

Currently, SBA Communications has an average Growth Score of C, however its Momentum Score is doing a bit better with a B. However, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, SBA Communications has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry Player

SBA Communications is part of the Zacks REIT and Equity Trust - Other industry. Over the past month, SL Green (SLG - Free Report) , a stock from the same industry, has gained 7.4%. The company reported its results for the quarter ended March 2025 more than a month ago.

SL Green reported revenues of $144.52 million in the last reported quarter, representing a year-over-year change of +12.7%. EPS of -$0.30 for the same period compares with $3.07 a year ago.

SL Green is expected to post earnings of $1.38 per share for the current quarter, representing a year-over-year change of -32.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.9%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for SL Green. Also, the stock has a VGM Score of F.


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